U.S. is the Largest Sodium Reducing Agents Market in North America

Date: 2015-08-10

“North America Sodium Reducing Agent Market: By Type (Amino Acids, Mineral Salts, Yeast Extracts, Others), By Application (Dairy & Frozen Foods, Bakery & Confectionery, Meat Products, Sauces, Seasonings, & Snacks, Others) – Forecasts till 2019

The North American sodium reducing agents market is estimated to grow at a CAGR of 10.6% from 2014 to 2019. The North American market is leading the global sodium reducing agents market. Globally, North America is one of the most technically advanced regions. The remarkable biotechnological growth in the field of fermentation technology and bioprocess engineering is boosting the growth of the North American sodium reducing agents market. These developments have led to the production of different sodium reducing agent compounds. 

In this report, the North American sodium reducing agents market has been broadly discussed by its applications, including dairy and frozen foods, bakery and confectionery, meat products, and sauces, seasonings, and snacks, among others. The application of reduced sodium compounds in sauces, seasonings, and snacks is estimated to grow at the fastest CAGR from 2014 to 2019, among all the applications.  An in-depth analysis of the sodium reducing agents market is provided in the report, in terms of types, such as amino acids, mineral salts, and yeast extracts, among others. 

The U.S. is the largest sodium reducing agents market in North America with a market share of 84.9%, followed by the Canadian segment. Mexico is projected to grow at the fastest CAGR during the given forecast period. Increased health awareness and government regulations are driving the North American sodium reducing agents market. 

Kerry Group Plc (Ireland) holds a major share of the North American market in terms of market share. Other firms such as Tate & Lyle Plc (U.S.) and Novozymes A/S (Denmark) are competing aggressively for strong positions in the North America sodium reducing agents market. These companies are using market strategies such as mergers & acquisitions, joint ventures, new product developments, and expansions to increase their market shares in the North American market. 

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